MobiKwik gets RBI nod to enable utility bill payments across India

Other players who have received in-principle approval for a BBPS licence include Paytm, Oxigen Services, BillDesk, and PayU.Mugdha Variyar | ET Bureau | December 29, 2016, 10:50 IST

Mobile wallet company MobiKwik on Wednesday announced that it has received an in-principle approval from the Reserve Bank of India (RBI) to setup a Bharat Bill Payments Operating Unit (BBPOU) which will allow users across India, including those from rural and semi-rural areas to pay their utility and convenience bills using the wallet.

Other players who have received in-principle approval for a BBPS licence include Paytm, Oxigen Services, BillDesk, and PayU.

ET reported that BBPS can be launched by this month or early next month, and will initially accept utility bill payments such as electricity, water, gas, telephone and direct-to-home services, and will later expand to other payments such as school and university fees and municipal taxes.

“We are determined to serve the entire country with digital payments and enable Indians from rural or urban areas in making seamless and secure payments from their mobile phones. Our association with Bharat Bill Payments Service is another milestone in our journey to make mobile payments ubiquitous in India,” Bipin Preet Singh, cofounder of MobiKwik said.